Trends: Finance

Article about trends in Finance

  1. Channel: Ecommerce & Digital

Amazon Mexico announces addition of Kueski Pay BNPL product as an online payment option

Kueski, a buy now, pay later (BNPL) provider in Latin America, is available as a payment option on Amazon Mexico. Kueski Pay is now available to select Amazon customers and will roll-out to all eligible customers in Mexico over the coming months. People will be able to select plans of up to 12 bi-weekly instalments. […]
2 min read
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  1. Technology & Innovation

Freedompay extends its offering to merchants across Spain as FinTech announces Redsys certification

Freedompay reports that its commerce platform is now available to all merchants in Spain. This comes as the FinTech firm secures an integrated certification from Redsys, a Spanish payments processing provider. “The needs of merchants and consumers are constantly changing and FreedomPay is always looking to stay at the forefront with solutions that respond to […]
2 min read
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  1. Data & Insights

5 Trends Set to Power the E-Commerce Revolution in 2024

As we begin 2024, the e-commerce landscape is on the brink of a significant transformation. Technological advancements like artificial intelligence/generative AI coupled with evolving consumer behaviors and a global shift towards sustainability are converging to redefine the way we shop online — from the way we search for products and make payments, to the authenticity […]
3 min read
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  1. Retail Operations

DNA Payments Group hires Adyen’s Jan-Pieter Lips as CEO as it eyes next phase of growth in UK and EU

DNA Payments Group, an omnichannel payments company operating in the UK and EU, has appointed former Adyen executive, Jan-Pieter (JP) Lips, as its new Chief Executive Officer.  He will be responsible for DNA Payments’ next period of growth as the company continues to develop and provide payments solutions into fast growing vertical market sectors such […]
2 min read
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  1. Holiday & Events

Signifyd Data: December Delivers, Driving 2023 Holiday E-Commerce Spending Up 7%

Retail and economic experts who wondered how long consumers’ resiliency could last in the fourth quarter of a year marked by dwindling savings and stubbornly high prices got their answer in December. Online sales for the month increased by 11 percent over December 2022, according to Signifyd Holiday Season Pulse Tracker, to cap off a […]
3 min read
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  1. Corporate Finance

What High Interest Rates Historically Mean For Consumer Spending?

As needs and the finance landscape evolved, credit and consumer spending became a formal deed. It’s when interest started creeping into the picture, and now, it’s a common part of the spending and borrowing game. It actually feels like when you go to a cash-only party to a world of plastic cards and interest rates […]
3 min read
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  1. Shopper & Customer

Increase in DIY for the Retail Market

The COVID-19 lockdown caused a massive spike in DIY interest. This was exemplified by Kingfisher, the owner of B&Q and Screwfix, reporting a remarkable 146% increase in online sales from 2021 to 2023 last three years. However, following this, the DIY market saw a decline in 2022 due to the cost of living crisis. The […]
3 min read
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  1. Shopper & Customer

3 Lessons From the 2023 End-of-Year Shopping Season

The end-of-year season is always a make or break time for e-commerce brands that can accrue earnings that see their businesses through quiet first quarters. Although inflation eased in the third quarter of 2023, the holiday season can be unpredictable and stiff competition will fight you for every sale. Therefore, you must familiarize yourself with […]
4 min read
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  1. Shopper & Customer

Loyalty 2.0 and Other 2024 Trends Poised to Make an Impact on Retail

As we begin 2024, the world of e-commerce will see continued evolution and disruption. Consumer behavior has fundamentally shifted over the past several years, with more shoppers flocking to digital storefronts and leveraging digital shopping technologies. With this backdrop in mind, here are four key predictions for what’s in store for e-commerce in 2024. Consumers […]
3 min read
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  1. Data & Insights

Retail in 2024 and Beyond: Mastering a Dynamic Market Through Hyper-Agility

In a truly dynamic market, retailers that leverage disruptive technologies like generative artificial intelligence (gen AI) to embed themselves in their customers’ lives better are more likely to succeed than their peers relying on traditional selling methods. Numerous retailers have displayed remarkable resilience over the past year, cultivating empathy and delivering personalization despite an uncertain […]
3 min read
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  1. Shopper & Customer

Why Retailers’ Obsession with Conversion is Keeping Them from…Converting

It’s no secret that retailers and brands have become obsessed with driving conversion in their quest to recover the more than half of shoppers who abandon checkout before completing their purchase. After all, “conversion rate optimization” is one of the more common catchphrases in today’s retail industry. But too often, in trying to reach this […]
4 min read
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  1. Shopper & Customer

Why Retailers’ Obsession with Conversion is Keeping Them from…Converting

It’s no secret that retailers and brands have become obsessed with driving conversion in their quest to recover the more than half of shoppers who abandon checkout before completing their purchase. After all, “conversion rate optimization” is one of the more common catchphrases in today’s retail industry. But too often, in trying to reach this […]
4 min read
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  1. Trends & External Forces

Walmart Brings BNPL to Self-Checkout in 4,500 Stores Via Expanded Partnership with Affirm

Walmart will offer buy now, pay later (BNPL) options at self-checkout kiosks in more than 4,500 U.S. stores through an expanded partnership with Affirm. Walmart and Affirm first partnered in 2019 to bring BNPL options to shoppers on its website and app. Indeed, until recently most BNPL offerings were relegated to the digital realm, but […]
2 min read
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  1. Technology & Innovation

Maria Prados, Retail Expert, Worldpay from FIS: forget Generation Z, we’re all next generation shoppers now

With shoppers of all ages now embracing digital and mobile, merchants shouldn’t underestimate how consumers are ready to take advantage of new payment methods and tech trends, says Maria Prados, Retail Expert, Worldpay from FIS. As global attitudes to technology homogenise, it’s time to push forward with checkout innovation and accept that ‘next-level retail’ really […]
3 min read
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  1. Operations & Supply Chain

How Small Businesses Can Navigate the Post-Holiday Return Season

With the holiday season underway, retailers of all sizes have been preparing themselves for a festive surge in sales. However, the post-holiday months bring in a wave of returns that can serve as a financial challenge for small businesses. Recent data from Xero, the global small business platform, reveals that a staggering 53 percent of […]
3 min read
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  1. Shopper & Customer

Online Shopping Frustration is Growing … But Retailers Can Reverse the Trend

Following a record-breaking “Cyber Five,” retailers are crossing their fingers for robust sales to continue throughout the holiday season. But as online spending rises, so does online shopper frustration — and this has the potential to harm both immediate and long-term sales. Retail data from FullStory shows that online shoppers experienced a 16.3 percent year-over-year […]
3 min read
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  1. Shopper & Customer

6 Reasons for More Inclusive Payment Options This Holiday Season

Consumers are cautious about holiday spending this year. Inflation and ongoing uncertainty about the economy are influencing consumer spending, even at the busiest retail time of the year. Consumers are shopping earlier, taking the time to research the best deals on the items they want, and looking for ways to stretch their budgets further. Retailers […]
4 min read
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  1. Shopper & Customer

Navigating Holiday Sales: The Crucial Link Between Checkout Experience and Revenue

As the holiday season approaches, retailers are gearing up for one of the busiest and most pivotal periods of the year. Paysafe’s newest study sheds light on the evolving landscape of consumer behavior, emphasizing the critical role that payment methods and seamless checkout experiences play in driving sales growth for online merchants of all sizes. […]
2 min read
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  1. Technology & Innovation

Including HMV, Asda, and Ikea UK: RTIH presents the retail technology week in numbers

Do you like numbers? Do you like retail systems news? Then this is the article for you. Including TrusTrace, New Look, Square, Fossil Group, NewStore, InPost, and the 2023 RTIH Innovation Awards. 5…This week, we announced the winning submissions for the 2023 RTIH Innovation Awards, sponsored by PMC, FreedomPay, Worldpay from FIS, CADS, 3D Cloud […]
6 min read
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  1. Shopper & Customer

Record Cyber Monday Sales Carry Glad Tidings for the Season

Consumer spending on Cyber Monday surpassed initial projections to reach $12.4 billion — both a 9.6% year-over-year increase and the biggest online shopping day of all time, according to Adobe Analytics. Monday’s sales capped off a banner Cyber Week, which saw record spending every day from Thanksgiving through Cyber Monday and brought in a total of $38 […]
3 min read
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  1. Holiday & Events

Thanksgiving Day E-Commerce Sales Break Records

Consumers spent$5.6 billion on Thanksgiving Day (Nov. 23), up 5.5 percent year-over-year, highlighting the continued shift to more spending online. In the holiday season so far, consumers have spent$76.7 billiononline, up6.8 percent YoYin the first 23 days of November. Black Friday is expected to bring in $9.6 billion, up 5.7 percent YoY. This according to Adobe Analytics data. […]
2 min read
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  1. Technology & Innovation

Future of Finance: The Impact of Crypto & Digital Payments

The constantly changing landscape of technology means that numerous industries are party to continuous and unavoidable innovation, and finance is by no means exempt. The cultural conversation around fintech has grown in recent years, with cryptocurrency, digital payments, and mobile banking technologies featuring as major focuses. With so many new payment methods available, Mintel’s experts […]
4 min read
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  1. Data & Insights

Jason & Scot Show Episode 313 – Holiday 2023 Preview with Rob Garf of Salesforce

A weekly podcast with the latest e-commerce news and events. Episode 313 is a preview of the upcoming 2023 holiday retail season. Subscribe: Apple Podcasts Google Podcasts Spotify Podcast RSS SoundCloud TuneIn iHeartRadio Google Play Music Overcast Pocket Casts Facebook Episode 313 is preview of Holiday 2023 with Rob Garf, Vice President and General Manager, […]
30 min read
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  1. Shopper & Customer

Transforming the Season: How Gen Z and Millennials Are Reshaping Holiday Commerce

Gen Z and millennials are known disrupters — and the retail landscape is their latest target. Specifically, their payment choices signify a shifting consumer spending landscape this holiday season. While the economic projected outlook is tentatively positive — despite inflation stubbornly persisting and an increasingly volatile economic landscape — Adobe expects U.S. online holiday sales to hit […]
2 min read
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  1. Media & Marketing

Freedompay announces addition of micro-donation charity Pennies to its technology stack

FinTech firm Freedompay has announced a strategic partnership with Pennies, the micro-donation charity. This will see it integrate Pennies into its technology stack. Alison Hutchinson, CEO at Pennies, says: “We’re delighted to be partnering with FreedomPay, whose innovation, growth and purpose-led mission has the potential to unlock millions more micro-donation opportunities.” “FreedomPay’s values align with […]
< 1 min read
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  1. Data & Insights

16 ways to improve Average Order Value during the holidays

Is average order value important? Of course, it’s a key metric that e-commerce brands should focus on during this holiday season. Increasing the average order value directly boosts your store’s revenue, increases customer loyalty, and retention and reduces churn rate. How Does Average Order Value Influence Customer retention? If a customer spends a lot on […]
6 min read
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  1. Media & Marketing

Electronics retailer Maplin deploys new TrueLayer payments app as it goes live in Shopify App Store

FinTech firm, TrueLayer, reports that its new payments app is now live in the Shopify App Store, allowing UK and EU merchants to add open banking payments to their checkout. Electronics retailer Maplin has gone live with the app, with further partners to be announced soon. The move enables Shopify merchants to add instant bank […]
2 min read
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  1. Department: Consumer Durables
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  6. Stores & Formats

TikTok Shop customers spend more at lower ticket apparel retailers

Download full TikTok Shop report Access TikTok and Panel data in Dash. TikTok Shop customers spent 26% of their apparel wallet on Off-Price Department Stores and 11% on Fast Fashion in the 12-months ended February 2024, compared to 24% and 7% for the average shopper. Conversely, TikTok Shop users spent less than their peers at […]
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  9. Associates & Employees

Where Does One U.S. Tax Dollar Go?

See this visualization first on the Voronoi app. Where Does One U.S. Tax Dollar Go? This was originally posted on our Voronoi app. Download the app for free on Apple or Android and discover incredible data-driven charts from a variety of trusted sources. Come tax season, a common refrain is: “what do my taxes even […]
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